QSR RESTAURANT BRANDS INTL INC
COM
CUSIP: 76131D103
FIGI: BBG0076WG2V1
Institutional Holders502
Total Institutional Value$18,705,274,605
Total Shares Held291,605,973
Avg Position$37,261,503
Top 5 Holders %42.9%
Alpha-Weighted Score70.0
New Positions+68
Exited Positions-45
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| CAPITAL WORLD INVESTORS | High Conviction | Market Mover | $2,969,818,569 (15.9%) | 43,525,570 | 14.5% |
| PERSHING SQUARE CAPITAL MANAGEMENT, L.P. | Elite Conviction | Moderate Flow | $1,560,199,922 (8.3%) | 22,866,773 | 6.2% |
| ROYAL BANK OF CANADA | High Conviction | Market Mover | $1,265,308,000 (6.8%) | 18,544,727 | -71.2% |
| EDGEPOINT INVESTMENT MANAGEMENT INC | Elite Conviction | Low Flow | $1,135,844,075 (6.1%) | 16,645,003 | 18.8% |
| VANGUARD GROUP INC | High Conviction | Market Mover | $1,090,683,705 (5.8%) | 15,983,585 | 8.7% |
| BANK OF MONTREAL /CAN/ | High Conviction | Market Mover | $1,038,646,924 (5.6%) | 15,220,647 | 32.1% |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $575,119,064 (3.1%) | 8,429,121 | 32.1% |
| FMR LLC | High Conviction | Market Mover | $541,939,790 (2.9%) | 7,941,984 | -3.7% |
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $513,251,973 (2.7%) | 7,522,380 | 9.7% |
| FIERA SCEPTRE INC. | High Conviction | Moderate Flow | $466,594,987 (2.5%) | 6,835,522 | 47.1% |
| TD ASSET MANAGEMENT INC | High Conviction | Significant Flow | $378,851,126 (2.0%) | 5,544,780 | 7.2% |
| GEODE CAPITAL MANAGEMENT, LLC | High Conviction | Market Mover | $365,279,092 (2.0%) | 5,216,985 | 13.1% |
| FIL LTD | High Conviction | Significant Flow | $302,296,107 (1.6%) | 4,430,035 | 5.5% |
| DAVIS SELECTED ADVISERS | High Conviction | Moderate Flow | $274,339,592 (1.5%) | 4,020,791 | 20.7% |
| NORGES BANK | High Conviction | Market Mover | $260,708,992 (1.4%) | 3,820,684 | -9.7% |
| GOODMAN & COMPANY, INVESTMENT COUNSEL LTD. | High Conviction | Significant Flow | $260,498,456 (1.4%) | 3,817,946 | 30.5% |
| NATIONAL BANK OF CANADA /FI/ | Moderate Conviction | Market Mover | $259,418,179 (1.4%) | 3,832,184 | 12.0% |
| CIBC WORLD MARKETS INC. | High Conviction | Significant Flow | $251,748,640 (1.3%) | 3,689,706 | 39.9% |
| TORONTO DOMINION BANK | High Conviction | Significant Flow | $238,130,212 (1.3%) | 3,489,584 | 179.5% |
| Invesco Ltd. | Moderate Conviction | Market Mover | $236,756,667 (1.3%) | 3,469,979 | - |
| MERITAGE GROUP LP | Elite Conviction | Low Flow | $218,385,876 (1.2%) | 3,200,731 | 3.8% |
| STATE STREET CORP | High Conviction | Market Mover | $217,194,660 (1.2%) | 3,155,112 | 7.5% |
| CANADA PENSION PLAN INVESTMENT BOARD | High Conviction | Significant Flow | $187,683,989 (1.0%) | 2,750,378 | - |
| GOLDMAN SACHS GROUP INC | High Conviction | Market Mover | $172,170,947 (0.9%) | 2,523,391 | -73.8% |
| CANOE FINANCIAL LP | High Conviction | Moderate Flow | $169,888,780 (0.9%) | 2,489,553 | 5.0% |
| CORVEX MANAGEMENT LP | Elite Conviction | Low Flow | $164,348,535 (0.9%) | 2,408,743 | 6.4% |
| CAPITAL RESEARCH GLOBAL INVESTORS | High Conviction | Significant Flow | $139,197,729 (0.7%) | 2,040,125 | 6.5% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $137,975,274 (0.7%) | 2,022,208 | -44.4% |
| MACKENZIE FINANCIAL CORP | High Conviction | Significant Flow | $124,744,472 (0.7%) | 1,818,754 | 2.8% |
| HER MAJESTY THE QUEEN IN RIGHT OF THE PROVINCE OF ALBERTA AS REPRESENTED BY ALBERTA INVESTMENT MANAGEMENT CORP | High Conviction | Significant Flow | $118,201,836 (0.6%) | 1,732,200 | 85.8% |
| LEGAL & GENERAL GROUP PLC | High Conviction | Market Mover | $115,708,161 (0.6%) | 1,693,511 | 11.9% |
| CITADEL ADVISORS LLC | Moderate Conviction | Market Mover | $103,535,341 (0.6%) | 1,517,446 | -29.3% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $100,350,842 (0.5%) | 1,470,773 | -48.6% |
| SCOTIA CAPITAL INC. | High Conviction | Moderate Flow | $99,088,652 (0.5%) | 1,457,477 | 3.0% |
| UBS Group AG | Moderate Conviction | Market Mover | $96,125,086 (0.5%) | 1,408,839 | 45.8% |
| TAL INVESTMENT COUNSEL LTD | High Conviction | Significant Flow | $90,369,479 (0.5%) | 1,317,198 | -34.9% |
| DIMENSIONAL FUND ADVISORS LP | High Conviction | Market Mover | $86,276,846 (0.5%) | 1,264,430 | 7.1% |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | High Conviction | Market Mover | $80,772,966 (0.4%) | 1,181,217 | 3.7% |
| Bank of New York Mellon Corp | High Conviction | Market Mover | $68,312,586 (0.4%) | 1,001,210 | 2.9% |
| AVISO FINANCIAL INC. | High Conviction | Low Flow | $68,277,969 (0.4%) | 1,000,550 | 9.3% |
| TD WATERHOUSE CANADA INC. | High Conviction | Significant Flow | $66,226,606 (0.4%) | 974,201 | -13.7% |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | High Conviction | Market Mover | $65,585,217 (0.4%) | 959,998 | -40.8% |
| NORTHERN TRUST CORP | High Conviction | Market Mover | $64,511,464 (0.3%) | 945,500 | 7.8% |
| GUARDIAN CAPITAL LP | High Conviction | Low Flow | $60,208,449 (0.3%) | 881,913 | -16.4% |
| EPOCH INVESTMENT PARTNERS, INC. | Moderate Conviction | Moderate Flow | $57,788,285 (0.3%) | 846,963 | 2.6% |
| SWISS NATIONAL BANK | High Conviction | Market Mover | $56,440,791 (0.3%) | 825,430 | - |
| BANK OF NOVA SCOTIA | High Conviction | Significant Flow | $56,258,026 (0.3%) | 824,469 | -16.5% |
| Nuveen, LLC | High Conviction | Market Mover | $47,420,851 (0.3%) | 694,702 | 4.6% |
| LETKO, BROSSEAU & ASSOCIATES INC | High Conviction | Low Flow | $41,282,964 (0.2%) | 604,192 | 7.1% |
| SQUAREPOINT OPS LLC | Moderate Conviction | Significant Flow | $39,738,312 (0.2%) | 582,417 | 44.2% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Moderate Conviction | Market Mover | $39,355,064 (0.2%) | 576,800 | -38.9% |
| CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. | High Conviction | Significant Flow | $38,905,736 (0.2%) | 570,138 | 764.4% |
| CONTINENTAL GRAIN CO | Elite Conviction | Minimal Flow | $38,152,715 (0.2%) | 559,178 | 6.4% |
| RAYMOND JAMES FINANCIAL INC | Moderate Conviction | Market Mover | $35,933,128 (0.2%) | 526,648 | -11.1% |
| MILLENNIUM MANAGEMENT, L.L.C. | Moderate Conviction | Market Mover | $34,965,692 (0.2%) | 512,468 | 668.3% |
| INTACT INVESTMENT MANAGEMENT INC. | High Conviction | Low Flow | $34,408,484 (0.2%) | 504,261 | -29.4% |
| DEUTSCHE BANK AG\\ | Moderate Conviction | Market Mover | $34,107,425 (0.2%) | 499,889 | -25.3% |
| MUFG SECURITIES (CANADA), LTD. | Elite Conviction | Minimal Flow | $34,067,487 (0.2%) | 499,134 | -2.1% |
| CAPITAL INTERNATIONAL SARL | High Conviction | Moderate Flow | $32,182,522 (0.2%) | 471,677 | 41.4% |
| ENVESTNET ASSET MANAGEMENT INC | High Conviction | Significant Flow | $31,942,310 (0.2%) | 468,156 | 3.1% |
| ADDENDA CAPITAL INC. | High Conviction | Low Flow | $30,074,265 (0.2%) | 318,202 | 3.8% |
| FEDERATION DES CAISSES DESJARDINS DU QUEBEC | High Conviction | Significant Flow | $29,762,224 (0.2%) | 437,567 | -18.7% |
| JANUS HENDERSON GROUP PLC | High Conviction | Market Mover | $29,403,958 (0.2%) | 430,868 | 7.8% |
| WOODLINE PARTNERS LP | High Conviction | Significant Flow | $27,734,608 (0.1%) | 406,487 | NEW |
| TORON CAPITAL MARKETS INC. | High Conviction | Low Flow | $26,412,460 (0.1%) | 386,561 | -40.2% |
| MIC CAPITAL MANAGEMENT UK LLP | Elite Conviction | Minimal Flow | $26,350,631 (0.1%) | 386,203 | 6.4% |
| HILLSDALE INVESTMENT MANAGEMENT INC. | High Conviction | Moderate Flow | $25,713,266 (0.1%) | 376,147 | 914.2% |
| SCHEER, ROWLETT & ASSOCIATES INVESTMENT MANAGEMENT LTD. | Elite Conviction | Minimal Flow | $25,491,626 (0.1%) | 373,562 | -7.6% |
| MAN GROUP PLC | High Conviction | Significant Flow | $24,693,256 (0.1%) | 361,912 | -51.0% |
| SEGESPAR | High Conviction | Market Mover | $24,164,201 (0.1%) | 354,158 | 6.2% |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $24,051,541 (0.1%) | 352,506 | 25.7% |
| SEVEN GRAND MANAGERS, LLC | High Conviction | Low Flow | $23,880,500 (0.1%) | 350,000 | NEW |
| SHAW D E & CO INC | Moderate Conviction | Market Mover | $22,713,989 (0.1%) | 332,860 | 512.8% |
| JANE STREET GROUP, LLC | Moderate Conviction | Market Mover | $22,576,011 (0.1%) | 330,881 | -16.7% |
| BANK OF NOVA SCOTIA TRUST CO | High Conviction | Low Flow | $22,388,993 (0.1%) | 328,140 | 16.8% |
| ROCKEFELLER CAPITAL MANAGEMENT L.P. | High Conviction | Market Mover | $22,291,221 (0.1%) | 327,887 | 35.3% |
| RHUMBLINE ADVISERS | High Conviction | Market Mover | $20,743,574 (0.1%) | 304,025 | 4.7% |
| SPEARS ABACUS ADVISORS LLC | High Conviction | Moderate Flow | $20,384,994 (0.1%) | 298,769 | 5.6% |
| CAPITAL INTERNATIONAL LTD /CA/ | High Conviction | Low Flow | $19,664,091 (0.1%) | 288,203 | 31.7% |
| SOROBAN CAPITAL PARTNERS LP | Elite Conviction | Moderate Flow | $19,242,000 (0.1%) | 300,000 | - |
| DANA INVESTMENT ADVISORS, INC. | High Conviction | Moderate Flow | $18,744,652 (0.1%) | 274,727 | 5.7% |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | High Conviction | Significant Flow | $17,787,147 (0.1%) | 262,765 | 944.4% |
| CGNU PLC | High Conviction | Significant Flow | $16,980,865 (0.1%) | 248,654 | 12.7% |
| CAPITAL INTERNATIONAL, INC./CA/ | High Conviction | Moderate Flow | $16,321,912 (0.1%) | 239,219 | 15.3% |
| HOOK MILL CAPITAL PARTNERS, LP | Elite Conviction | Low Flow | $15,212,424 (0.1%) | 222,958 | NEW |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | Moderate Conviction | Significant Flow | $15,150,947 (0.1%) | 7,996 | 143.0% |
| TOROSO INVESTMENTS, LLC | High Conviction | Significant Flow | $14,798,882 (0.1%) | 216,897 | 82.9% |
| AMERIPRISE FINANCIAL INC | Moderate Conviction | Market Mover | $14,020,945 (0.1%) | 203,312 | 699.3% |
| KOREA INVESTMENT CORP | High Conviction | Significant Flow | $13,464,624 (0.1%) | 197,115 | -2.6% |
| NEW YORK STATE COMMON RETIREMENT FUND | High Conviction | Market Mover | $13,379,903 (0.1%) | 196,100 | -36.8% |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | High Conviction | Significant Flow | $13,092,450 (0.1%) | 191,887 | 76.3% |
| TREXQUANT INVESTMENT LP | High Conviction | Significant Flow | $12,900,178 (0.1%) | 189,069 | NEW |
| FIRST MANHATTAN CO | High Conviction | Moderate Flow | $12,553,145 (0.1%) | 182,326 | 7.4% |
| ENGINEERS GATE MANAGER LP | High Conviction | Moderate Flow | $12,120,855 (0.1%) | 177,647 | 670.4% |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT CORP | High Conviction | Moderate Flow | $11,724,065 (0.1%) | 171,808 | -3.1% |
| STATE OF TENNESSEE, TREASURY DEPARTMENT | High Conviction | Significant Flow | $11,537,970 (0.1%) | 171,261 | - |
| TWENTIETH CENTURY COMPANIES INC | High Conviction | Market Mover | $10,980,318 (0.1%) | 160,913 | 36.9% |
| CULLEN/FROST BANKERS, INC. | High Conviction | Moderate Flow | $10,904,220 (0.1%) | 159,816 | 19.6% |
| LPL FINANCIAL LLC | High Conviction | Market Mover | $10,379,098 (0.1%) | 152,119 | 11.7% |
| Cadence Bank | High Conviction | Low Flow | $10,376,349 (0.1%) | 152,079 | 7.4% |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 499 | $18.77B | 292,511,170 | $64.16 |
| Q3 25 | 462 | $21.20B | 344,976,048 | $61.44 |
| Q2 25 | 455 | $18.79B | 296,718,886 | $63.31 |
| Q1 25 | 455 | $19.12B | 304,513,311 | $62.78 |
| Q4 24 | 450 | $17.62B | 283,154,600 | $62.24 |
| Q3 24 | 465 | $19.97B | 287,970,679 | $69.33 |
| Q2 24 | 457 | $21.00B | 308,887,919 | $67.98 |
| Q1 24 | 472 | $22.74B | 308,667,039 | $73.67 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.